Wuxi Hongsheng Heat Exchanger Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Wuxi Hongsheng Heat Exchanger Manufacturing has a total shareholder equity of CN¥593.1M and total debt of CN¥112.3M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are CN¥842.3M and CN¥249.2M respectively. Wuxi Hongsheng Heat Exchanger Manufacturing's EBIT is CN¥63.9M making its interest coverage ratio 56.5. It has cash and short-term investments of CN¥172.5M.
Key information
18.9%
Debt to equity ratio
CN¥112.29m
Debt
Interest coverage ratio | 56.5x |
Cash | CN¥172.48m |
Equity | CN¥593.09m |
Total liabilities | CN¥249.23m |
Total assets | CN¥842.32m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603090's short term assets (CN¥568.9M) exceed its short term liabilities (CN¥244.4M).
Long Term Liabilities: 603090's short term assets (CN¥568.9M) exceed its long term liabilities (CN¥4.8M).
Debt to Equity History and Analysis
Debt Level: 603090 has more cash than its total debt.
Reducing Debt: 603090's debt to equity ratio has increased from 5.9% to 18.9% over the past 5 years.
Debt Coverage: 603090's debt is well covered by operating cash flow (106.3%).
Interest Coverage: 603090's interest payments on its debt are well covered by EBIT (56.5x coverage).